Fiscal Constraints of a Fixed Exchange Rate Regime.
The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective constraint is on the degree of monetary financing, which bears an uncertain relationship t...
| Autor Corporativo: | |
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Colección: | IMF Working Papers; Working Paper ;
No. 1989/107 |
| Acceso en línea: | Full text available on IMF |